7th Circuit Is Asked To Rehear Equitable Reformation Claim In ERISA Severance Row

Mealey's (June 2, 2023, 2:01 PM EDT) -- CHICAGO — Laid-off Northrop Grumman Corp. employees are seeking rehearing on one part of a Seventh Circuit U.S. Court of Appeals panel’s decision in a long-running Employee Retirement Income Security Act class action over severance benefits, arguing that there is “an issue of exceptional importance involving fiduciary duties of disclosure owed to ERISA participants.”...